WIGMORE TRADING LTD, 5TH FLOOR, MULLINER TOWERS, FORMER NNPC BUILDING 39, ALFRED REWANE WAY, IKOYI LAGOS

HOURS: 6 AM -4 PM WAT M - TH; 6 AM - 3 PM PST FRI

+234 1 2934174 +234 1 2934176

Top 10 Agricultural Products in Nigeria & Their Uses.
Get in touch on Whatsapp now:



Top 10 Agricultural Products in Nigeria

Agriculture remains a critical sector in Nigeria, providing employment for about 70% of the population and contributing significantly to the country’s GDP. Nigeria’s diverse climate and rich soil support a wide variety of crops, making it one of the leading agricultural producers in Africa. Here are the top 10 agricultural products in Nigeria:

1. Cassava

Overview: Nigeria is the world’s largest producer of cassava, with an annual production of around 59 million tonnes in 2023. Cassava is a staple food in Nigeria and is used to make products like garri, fufu, and tapioca.

Export: Cassava products such as starch and ethanol are exported, contributing significantly to foreign exchange earnings.

2. Yam

Overview: Nigeria is also the world’s largest producer of yams, with production estimated at 48 million tonnes in 2023. Yams are a key part of the Nigerian diet and culture, particularly in the southwestern and central regions.

Export: Yams are increasingly being exported to Europe and North America, meeting the demands of the diaspora.

3. Maize (Corn)

Overview: Maize is a major cereal crop in Nigeria, with an annual production of about 12 million tonnes. It is grown across the country and is a vital component of the diet and animal feed.

Export: While local consumption is high, there is growing interest in exporting maize, especially as processed products like corn flour and meal.

4. Rice

Overview: Nigeria’s rice production has grown significantly, reaching around 8 million tonnes in 2023. The government has implemented policies to encourage local production and reduce imports.

Export: Although currently a net importer, Nigeria aims to become self-sufficient and eventually a net exporter of rice.

5. Palm Oil

Overview: Nigeria is one of the leading producers of palm oil, with an annual production of about 1.4 million tonnes. The industry is crucial for both food and industrial applications.

Export: Palm oil and its derivatives are exported to various countries, contributing to Nigeria’s foreign exchange earnings.

6. Cocoa

Overview: Cocoa is one of Nigeria’s main cash crops, with annual production around 300,000 tonnes. Nigeria is the fourth-largest producer of cocoa globally.

Export: Cocoa beans and cocoa products are major export commodities, primarily to Europe and North America.

7. Sorghum

Overview: Nigeria is the second-largest producer of sorghum in the world, with an annual production of about 7 million tonnes. It is a staple food in the northern regions.

Export: Sorghum is exported to neighboring countries and used in the production of beverages and animal feed.

8. Groundnut (Peanut)

Overview: Nigeria produces around 3.8 million tonnes of groundnuts annually. Groundnuts are essential for food, oil production, and animal feed.

Export: Groundnuts and groundnut oil are exported to various countries, especially within Africa.

9. Millet

Overview: Millet production in Nigeria stands at approximately 5 million tonnes annually. It is a vital crop for food security in arid regions.

Export: While local consumption is high, there is potential for exporting millet to other African and Middle Eastern countries.

10. Soybean

Overview: Nigeria produces about 1.2 million tonnes of soybeans annually. Soybeans are crucial for food, oil production, and as an ingredient in animal feed.

Export: Soybeans and soybean products are exported, mainly to Asian markets.

Conclusion

Nigeria’s agricultural sector is diverse and robust, with significant potential for growth and export. At Wigmore Trading, we are committed to supporting the agricultural value chain, facilitating trade, and ensuring that Nigerian agricultural products reach global markets efficiently.

Find the Best Agricultural Product to Invest in Nigeria

Answer the questions below to find the right agricultural product for you, with potential profit estimates.






Back to News

No Comments Yet.

One reply on “Top 10 Agricultural Products in Nigeria & Their Uses.”

LEAVE A COMMENT

VISIONARY, BOLD, DISRUPTIVE

Each month, Wigmore team of experts contribute to the latest insights and analysis, setting the agenda and leading the discussion on unlocking capital so you can put it to work.

Buy Security Equipment Online in Nigeria: A Complete Guide for Businesses

Security is no longer optional for businesses operating in Nigeria—it’s a critical investment. From retail stores and warehouses to corporate offices and logistics hubs, the need for reliable security infrastructure...

Read More

Can You Sell Weapons Online in Nigeria?

The rise of e-commerce across Nigeria has created new opportunities for businesses to sell a wide range of products online. However, when it comes to weapons, the rules are far...

Read More

Licensing for Security Equipment Business in Nigeria: A Complete Guide

Starting a security equipment business in Nigeria can be highly profitable, especially with the increasing demand for surveillance systems, access control devices, and safety technologies across residential, commercial, and industrial...

Read More

Wholesale Security Equipment in Nigeria: A Complete Guide for Businesses

Nigeria’s growing economy, rapid urbanization, and expanding commercial sectors have made security a top priority for businesses and institutions. From retail stores and warehouses to banks, estates, and corporate offices,...

Read More

Distribution of Defence Products in Nigeria: Laws, Regulations, and Compliance Guide

The distribution of defence products in Nigeria is a highly regulated activity governed by strict legal frameworks, national security policies, and international obligations. For importers, distributors, and logistics providers operating...

Read More

Wigmore Trading, FMCG Distributors, Wholesale and Logistics in Lagos, Nigeria. Abuja & West Africa. | Wigmore Trading Nigeria | Wigmore Trading Nigeria

WhatsApp Chat